Nigeria's Economy Set for Over 4% Growth in 2026

Mohammed Idris, the Minister of Information and National Orientation, announced that Nigeria's economy is on track to grow by more than 4% in 2026, with inflation expected to decline to about 15%. This statement was made during a media chat in Abuja, where he discussed the economic, security, and social interventions of the Bola Tinubu administration.

Idris noted that the government's economic reforms are yielding measurable results, although many households still face cost-of-living pressures. He highlighted that Nigeria's current account surplus increased from $8.6 billion in the first half of 2025 to $12 billion in the same period of 2026.

Additionally, he reported that external reserves surpassed $54 billion in September, the highest in nearly two decades. The minister also mentioned a significant increase in non-oil exports, which generated over $6 billion in 2025, benefiting various sectors.

Idris emphasized the need for macroeconomic recovery to be reflected in the daily lives of Nigerians through improved economic indicators.